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WTI Surges Back Near War Highs: Gasoline Inventories Surge, US Production Rebounds To Record High
WTI Surges Back Near War Highs: Gasoline Inventories Surge, US Production Rebounds To Record High Oil prices rose Wednesday as traders focused on renewed threats to Middle East energy supplies after Yemen's Houthi militants said they targeted Saudi Arabia's largest oil refinery.The Houthis said Tuesday that they struck Saudi Arabia's Ras Tanura refinery in the Eastern Province with a ballistic missile.Prospects for diplomatic talks have failed to generate significant selling interest in oil as traders increasingly focus on developments on the ground, analysts at ANZ Research said